Chandra's Indicators (with Alerts) | Page 3 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Volatility indicators (histogram version and alerts needed) 155 replies

WOW! Your Speech Enabled Indicators - Voice/Alerts/Alarms are very Interesting. 2 replies

Best software for audio alerts based on indicators? 1 reply

Signals/alerts for indicators 2 replies

New Alerts for Indicators - Juice, DMI, MomentumVT 5 replies

Attachments: Chandra's Indicators (with Alerts)
Exit Attachments

Chandra's Indicators (with Alerts)

  • #41
  • Oct 30, 2007 3:20am Oct 30, 2007 3:20am
Quoting eagle4x
Chandra:
See attached 1hr chart with gamma setting of .35. Notice the multiple whipsaws. Compare to the previous chart I posted which has very few whipsaws - so I do not understand why everyone on this thread is saying to lower gamma. If I am overlooking something, fill me in.


Eagle,

simply think of it this way: the smoothing added added by Chandra's Laguerre removes a lot of whipsaws, but not at a cost: the smoothing adds a delay to the signal, i.e. the signals are generated one or two bars later than the original Laguerre would.
To offset this delay, a slightly lower Gamma should be used to make the indicator as responsive as the original Laguerre without the smooting.
The end result is an indication that is as responsive as the original one by Imran, yet still is much smoother and hence gives fewer false signal. Best of both worlds...

bye
Ohka
  • #42
  • Oct 30, 2007 3:24am Oct 30, 2007 3:24am
Quoting Brandon LG83
Hey folks I just caught on to this thread and I'm glad I found it. I am getting a bit overwhelmed though as this is all very new to me, and there seems to be a lot of changes taking place, which is a good thing of course. Can someone please post a comprehensive list of all the indicators you folks are using as of right now? Also could you kindly mention any indicators from Imran's original post that have been omitted (if any)? In addition, a brief overview of the new indicators' purposes and what I am supposed to be looking for would help tremendously. Thank you all for taking time to help newbies like me!

Brandon
Brandon,

the changes to Laguerre as presented in this thread should be considered experimental.
The final word on Imran's system (indicators, settings, interpretation and all) is defined by Imran in his own thead.

bye
Ohka
  • #43
  • Oct 30, 2007 7:00am Oct 30, 2007 7:00am
Here is one idea - make the Laguerre to get data form a higher time frame
then the gamma can be decreased and with the smootnes of the MA should be great
  • #44
  • Oct 30, 2007 8:33am Oct 30, 2007 8:33am
Quoting venci
Here is one idea - make the Laguerre to get data form a higher time frame
then the gamma can be decreased and with the smootnes of the MA should be great
Hi Venci,

If we want to use higher TF Lag, then we can just use the higher TF chart. So, I don't understand why we need to look at lower TF chart with higher TF signal. I don't think it will help much.

chandra
  • #45
  • Oct 30, 2007 8:35am Oct 30, 2007 8:35am
Hi Ohka,

Thank you for keeping your attention on this thread and answering as much as you can. It really helps and reduces my work! I am fighting with LISPA2.

chandra
  • #46
  • Oct 30, 2007 1:05pm Oct 30, 2007 1:05pm
Quoting achandrasekaran99
Hi Venci,

If we want to use higher TF Lag, then we can just use the higher TF chart. So, I don't understand why we need to look at lower TF chart with higher TF signal. I don't think it will help much.

chandra
Chandra .. look this
i hope i'm explaining correctly
Attached Image (click to enlarge)
Click to Enlarge Name: lag.jpg Size: 228 KB
  • #47
  • Oct 30, 2007 1:53pm Oct 30, 2007 1:53pm
Quoting achandrasekaran99
Hi Eagle,

Surely your setting gives smooth lines. But, always any smoothing of any indicator comes with a cost, that is delay in its signal. If the moves are always wide ranging, then that is not a problem. But most often, we don't get that. We won't know if it will be wide enough range for us to make some pips. So, always every method tries to find a way to make an earlier entry which will make the SL to be closer and help to keep the losses smaller. Did you try to calculate the gains you could have made following that setting? I don't know if you used any SL, TS, TP. If you just held the positions until reverse signal came, in most of the trades you would not have made any pips. Because the entry and exit would be too late. That is general problem.
So, I (I hope others also) try to enter earlier and to avoid false/fake signals use some other filter (either S/R, pivot levels, stoch, higher Timeframe signals which also will add a delay ....). That is the basic idea. Also we are generally talking about 5M/15M charts only. I have seen only one person talk about 1H chart and as I mentioned, most likely it was for another pair. Different pairs will need different settings based on their volatility (which can change for same pair also as time passes).
Hope this explains.
Regards,
chandra
Chandra,

Eagle4x is also looking at a 1hr chart and seems to be using this as his base. Most people using Imran's system use lower time frames including Imran (1m,5m,15m). We are scalping with these time frames. Losing one or two bars especially in a tight range will negate any opportunity that exists to pick up 10 to 15 pips at a time when using 1m and 5m time frame. Perhaps this is not a problem when all indicators are alligned and there is an opportunity for a big move, but there are way more little moves to be captured also, hence scalping.

Thank you for your time.
  • #48
  • Edited 2:35pm Oct 30, 2007 1:58pm | Edited 2:35pm
Quoting achandrasekaran99
Hi Ohka,

Thank you for keeping your attention on this thread and answering as much as you can. It really helps and reduces my work! I am fighting with LISPA2.

chandra
You're welcome. I'm off now, I want to go long EUR/JPY...
EDIT: which didn't prove to be a good decision...
Ohka
  • #49
  • Oct 30, 2007 2:46pm Oct 30, 2007 2:46pm
Quoting venci
Chandra .. look this
i hope i'm explaining correctly
Hi Venci,

I understand. You want to see both Lag in the current chart with MA smoothing. Am I correct? My earlier version which had the capability to plot MTF did not have the MA option. So, here is the modified Laguerre2 (2 means it can plot two lines). Just check the first post. I hope that is what you wanted. It will be more complicated to write alert system for that. So, I will not take that task now. May be some other day.

Using this Indi, you can plot two Lags with MA smoothing. One will be from current timeframe and one can be changed. If you need additional Lag, you have to add the Laguerre-ACS1.

Regards,
chandra
  • #50
  • Oct 30, 2007 3:17pm Oct 30, 2007 3:17pm
Quoting grkbear
Chandra,

Eagle4x is also looking at a 1hr chart and seems to be using this as his base. Most people using Imran's system use lower time frames including Imran (1m,5m,15m). We are scalping with these time frames. Losing one or two bars especially in a tight range will negate any opportunity that exists to pick up 10 to 15 pips at a time when using 1m and 5m time frame. Perhaps this is not a problem when all indicators are alligned and there is an opportunity for a big move, but there are way more little moves to be captured also, hence scalping.

Thank you for your time.
Hi grkbear,
Thank you for the explanation. I understand. Whichever method we use, we all are looking to get an edge over the market and make some pips.
Regards,
chandra
  • #51
  • Oct 30, 2007 3:28pm Oct 30, 2007 3:28pm
Quoting Ohka
You're welcome. I'm off now, I want to go long EUR/JPY...
EDIT: which didn't prove to be a good decision...
Ohka
Hi Ohka,
I have been waiting whole morning to short this thing. Around 11AM I took one entry and lost 5 pips! Finally I made another entry after 2 PM EST, when the hammer followed by doji formed just above R1 (in 15M). But, closed for just 10 pips (based on Fib 50% level), but that thing seems to go down still further, but not smoothly even for small pips. This week Fed news and NFP will keep it like this I think. So, not hoping for much, until some news kick starts.

chandra
  • #52
  • Oct 31, 2007 3:08am Oct 31, 2007 3:08am
Quoting Ohka
Brandon,

the changes to Laguerre as presented in this thread should be considered experimental.
The final word on Imran's system (indicators, settings, interpretation and all) is defined by Imran in his own thead.

bye
Ohka
Thanks Ohka!
  • #53
  • Oct 31, 2007 8:41am Oct 31, 2007 8:41am
hi chandra

i really appreciate the work u have been doing on the lags, gr8 work mate, i will be adding ur indicators to my method and update the post 1 and the pdf with this info, ur indicators have really sharpened the edges in the lags
  • #54
  • Nov 1, 2007 11:50am Nov 1, 2007 11:50am
Quoting eagle4x
Chandra:
After trying the laguerre_ASC1 and regular laguerre with different settings, I found that the regular laguerre works better for me. Attached is a gbpusd 1hr chart with the regular laguerre and an indicator called awesome to be used for filtering. I set gamma on laguerre to .86.
Hi eagle,

I rechecked your suggestion on the use on high gamma. On slow markets, it looks great and I think I will use it (I checked with gamma-0.80-MA2). But when the market is reasonably fast, gamma 0.55-MA2 seems better (needs to be filtered). So, when we want to sit and trade (especially during session overlaps), the 0.55-MA2 is better (unless it is still slow market). I checked only in eurjpy-5M.

For 15M still 0.55-MA2 seems better. But if the market is sufficiently slow even on that timeframe, then surely higher gamma will be right choice.

In 1h chart eurjpy, the 0.35 (now with MA2) is similar to 0.55. But for general trend direction, 100-EMA looked best (if we avoided sideways moves, which is essential for any indi anyway).

So, may be different pairs, different volatility and different holding periods probaly need different settings.

Thanks for the suggestion and sharing your observations.
chandra
  • #55
  • Edited Nov 7, 2007 2:49pm Nov 6, 2007 5:48pm | Edited Nov 7, 2007 2:49pm
Okay I couldn't emal these, but here are the two ea's I found that use the Laguerre indicator.

Edit: Oh and please check for a pm from me.

Edit2: these are not viable eas, I was just trying to get them to Chandra for review. Please do not use.

Thanks and happy pipping,
Attached File(s)
File Type: mq4 starter.mq4   6 KB | 879 downloads
Fx Diva
  • #56
  • Nov 7, 2007 2:11am Nov 7, 2007 2:11am
[quote=fxdiva;1702186]Okay I couldn't emal these, but here are the two ea's I found that use the Laguerre indicator.

Hi Fx Diva/Chandra:

Could someone tell me what folder(s) to copy these into?

Thanks,

Ann
  • #57
  • Nov 7, 2007 2:39am Nov 7, 2007 2:39am
[quote=Ann;1702928]
Quoting fxdiva
Okay I couldn't emal these, but here are the two ea's I found that use the Laguerre indicator.

Hi Fx Diva/Chandra:

Could someone tell me what folder(s) to copy these into?

Thanks,

Ann
... \ ...your_MT4_dir... \ experts \ indicators \

bye
Ohka
  • #58
  • Nov 7, 2007 2:53am Nov 7, 2007 2:53am
Quoting fxdiva
Okay I couldn't emal these, but here are the two ea's I found that use the Laguerre indicator.

Edit: Oh and please check for a pm from me.

Thanks and happy pipping,
Thanks FXDiva, especially 'starter.mq4' contains stuff that interests me a lot...

Ohka
  • #59
  • Edited 2:58pm Nov 7, 2007 8:53am | Edited 2:58pm
Quoting fxdiva
Okay I couldn't emal these, but here are the two ea's I found that use the Laguerre indicator.

Edit: Oh and please check for a pm from me.

Thanks and happy pipping,
Hi All,

Since many people have downloaded the EA, I thought I should post my comments on this EA here, so that everyone downloaded knows what they are getting. So, here it is:

Regards,
chandra
======================================================
1. Starter.mq4:
 Here is the main method of starter:
Long:
1. Lag is at 0 (gamma=default; 0.7??),
2. CCI(14) < -5 (based on close price),
3. MA(5) is higher than last bar's MA(5) [based on Median Price=(H+L)/2 ]
EXIT: When Lag goes above 0.9 or SL.

Short:
1. Lag is at 1 (gamma=default; 0.7??),
2. CCI(14) > 5 (based on close price),
3. MA(5) is less than last bar
[based on Median Price=(H+L)/2 ]
EXIT: When Lag goes below 0.1 or SL.

We know that often the Lag stays long below 0.1 and price goes down big time and Lag stays above 0.9 and price goes up big time. This does not follow that. May be the idea will work good in range bound market.

The code definitely has mistakes. May be somebody is learning to write EA. I am not sure it will work correctly. So, don't bother about it. Just toss it. But the essence of the method is as I have written above, that can be taken in to consideration (but I would not recommend it using as such).
---------------------------------------------------------------
The other EA posted is not useful for anyone and so the comments about it are deleted. If anybody downloaded it, please trash it.
  • #60
  • Nov 7, 2007 12:26pm Nov 7, 2007 12:26pm
EA's should be saved into ... \ ...your_MT4_dir... \ experts, not
... \ ...your_MT4_dir... \ experts \ indicators \


[quote=Ohka;1702956]
Quoting Ann

... \ ...your_MT4_dir... \ experts \ indicators \

bye
Ohka
2 traders viewing now